EN
DS is set to launch their upcoming ADW, which will be tradable starting tomorrow. This article will provide insights into how to track your allocation, the necessary wallet for receiving the token, and an overview of the Doodles price trends. Additionally, we will explore which collections can help you secure an allocation.
The new token will initially go live on the Solana blockchain, making it essential to have a Solana wallet. If you do not already have one, wallets like Phantom or Backpack are highly recommended. These wallets will be where your tokens are allocated.
The allocation is not limited to just NFTs but also includes certified virals, which were discussed in a previous analysis. Those who purchased certified virals on Zora are likely to see an allocation for DS. Other eligible collections include OG Doodles, Space Doodles, Duplicators, and Genesis Boxes. It's crucial to be aware of your eligibility status and to re-register your wallet to ensure you receive your allocation.
It's important to note that your allocation can change. If you want to secure an allocation, you can still purchase eligible NFTs, which may increase your token allocation. The pre-registration allocation is merely a preview, and the final amount will depend on the eligible collections in your wallet at the time of the snapshot. Selling or moving collectibles before this snapshot will result in a loss of allocation.
To track your allocation, you will need to connect your EVM wallet and your Solana wallet. For demonstration purposes, Phantom is a good choice. It's worth noting that not all NFTs will qualify for the allocation, as only specific categories like Doodles and certified virals are included.
After the announcement of the airdrop, the prices of eligible NFTs began to rise. Initially trading below three Ethereum, the price has now increased to approximately 3.2 Ethereum, or around $6,300 per NFT. However, it's crucial to consider that if you cannot sell your tokens immediately after launch, you may not achieve the anticipated returns.
While the introduction of a token can enhance the utility of an NFT collection, it is essential to approach this with caution. The success of previous NFT projects has varied, and many have seen significant price drops post-launch. Although Doodles may have potential, the community's engagement and the overall market sentiment will play a critical role in its long-term success.
In conclusion, while the upcoming ADW presents opportunities for allocation and potential profit, it is vital to remain informed and cautious. The NFT market can be volatile, and understanding the dynamics at play will help you make better investment decisions. For those holding Zora NFTs, congratulations on your allocation, and best of luck navigating this evolving landscape.
Q: What is the upcoming ADW and when will it be tradable?
A: The upcoming ADW is set to launch tomorrow and will be tradable starting then.
Q: Why is having a Solana wallet important?
A: The new token will initially go live on the Solana blockchain, making it essential to have a Solana wallet to receive your tokens.
Q: Who is eligible for allocation?
A: Eligibility includes those who purchased certified virals on Zora, as well as holders of OG Doodles, Space Doodles, Duplicators, and Genesis Boxes.
Q: Can my allocation change?
A: Yes, your allocation can change based on the eligible collections in your wallet at the time of the snapshot.
Q: How do I track my allocation?
A: To track your allocation, connect your EVM wallet and your Solana wallet, using wallets like Phantom for demonstration.
Q: What are the current price trends for eligible NFTs?
A: After the announcement of the airdrop, prices of eligible NFTs have risen from below three Ethereum to approximately 3.2 Ethereum.
Q: What should I consider regarding the long-term viability of NFTs?
A: While the introduction of a token can enhance utility, the success of NFT projects varies, and many have seen price drops post-launch.
Q: What should I keep in mind about the NFT market?
A: The NFT market can be volatile, so it's important to remain informed and cautious when making investment decisions.